    [Public Papers of the Presidents of the United States: George W. Bush (2004, Book III)]
    [December 21, 2004]
    [Page 3136]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Letter to Congressional Leaders Transmitting a Report on Implementation
    of Debt Reduction Authority
    December 21, 2004

    Dear Mr. Speaker:  (Dear Mr. President:)
        Consistent with section 1321 of the Foreign Relations Authorization
    Act, Fiscal Year 2003 (Public Law 107-228), I transmit herewith a report
    prepared by my Administration on implementation of the debt reduction
    authority conferred by Title XIII, Subtitle B of Public Law 107-228.
             Sincerely,

                                                              George W. Bush

    Note: Identical letters were sent to J. Dennis Hastert, Speaker of the
    House of Representatives, and Richard B. Cheney, President of the
    Senate.